5640 Us-41 Highway, Jasper, Tennessee 37347

TN, Jasper
$1,210,000 $1,540,000
  • Active Status
  • 218 Dayz On Cribz Total Days
  • Residential Income Property Type
  • 7644 Total Sqft $158/sqft
  • 1982 Year Built
Property Description

7.0% Cap. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River’s canoeing and Kayaking. Only minutes to Nickajack Lake and it’s award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area. Owner will consider Owner Financing

Property Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • MLS #: 2709693
  • Price: $1,210,000
  • Square Footage: 7,644 Sqft
  • Year Built: 1982
  • Office Name: Greater Downtown Realty dba Keller Williams Realty
  • Agent Name: Roy Arick
  • Property Attached: Yes
  • Roof: Other
  • Listing Status: Active
Location Info
  • Street Number: 5640
  • Street: Us-41 Highway
  • City Jasper
  • State TN
  • Zipcode 37347
  • County Marion County, TN
  • Subdivision None
  • Longitude: W86° 23' 30.7''
  • Latitude: N35° 3' 59.9''
  • Directions: From Downtown Chattanooga take I-24 West for app. 20 miles; cross Nickajack Lake and take next exit US 41 ; Continue West on US-41 and the property is on the left just after you cross the Sequatchie River ; 5640 Hwy 41
Features
  • Heating System Electric
  • Cooling System Electric
  • Parking Detached
  • Utilities Electricity Available
  • Flooring Other
Schools
  • High School: Marion Co High School
Additional Info
  • Building Size: 7,644
  • Construction Materials: Other
  • Levels: Three Or More
  • Lot Size Dimensions: 382x231x422
  • Number Of Units Total: 14
  • Previous Price: $1,540,000
  • Stories: 1
Financial
  • Annual Tax Amount: $2,080
Listing Data
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Modification Timestamp: Jan 25th, 2025 @ 4:02pm
  • Status Change Timestamp: Jan 6th, 2025 @ 7:09pm
mls grid

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